Jeff Gundlach on the market’s extremely good, possibly unsustainable 2013
Jeff Gundlach, one of the market’s most well-known investors, is out with his predictions for 2014. “About everything that tends to characterize the vicinity of a top in the equity market seems to be in place. The stock market is at best fully valued, maybe a little over.” (Check out all of his charts here).
Gundlach writes that he has “never seen a forecast as solidified across every asset class as is the consensus for 2014,” and he suggests that the market could run out of steam. Here’s Gundlach’s look at various equity market returns last year:
And here’s Gundlach’s look at the US economy’s post-crisis trajectory:
Finally, here’s a look at how asset classes performed last year: